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Or do they mean operations to open up the hole?

Joe - I was asking about your comment on measurement after circulation. The RNS says “this consistent helium gas measurement was repeated during hole opening operations”. So not under circulation then but in open hole?

Joe - it also says the following things, could you interpret?

“Two subsequent well tests were carried out across the fault zone and yielded similar results from the downhole samples”

“As the helium rises through the well bore, the pressure decreases, and it is thought that the helium then comes out of solution and increases in concentration.”

“The well produced a continuous measurement of helium gas across the micro-GC and this consistent helium gas measurement was repeated during hole opening operations in preparation for running casing.”

Https://www.tradingview.com/script/N0fXWOv7-Market-Cap-simple/

The posters who encourage you to filter everyone with a particular message are the ones manipulating the board. It plays both ways, shorts will try to cover the visible board with negative headlines, rampers with positive ones. You can do that by making multiple posts in quick succession or by making contradictory posts disappear. You can also put off new investors by making a board unworkable with serial disruptive posts anytime there’s informative discussion. It’s just the way these boards are played. No point in filtering anyone, learn from the general pattern of which teams are winning

We’re waiting to find out what further well testing or drilling is needed at Itumbula or Tai, how much it will cost and how they propose to finance it.

Company has lots of credibility WN, they just don’t have any cash r income. Obviously it was going to run out of rope if the sand blasting didn’t work. That was always a 50-50, so yes it would be foolish to ramp it but there’s no need to exaggerate.

It was becoming inevitable, full marks to them for open disclosure of the cash situation though, fair play. At least that provides some confidence to market about how to weigh up the risks.

they certainly wouldn't be ******* about on a retail shareholder bulletin board like lse

"If He1 are in the same boat, then that means they likely will need to undertake appraisal drilling as well"

But unlike Noble they drilled both wells to appraisal spec and have not plugged and abandoned them, instead they have capped and suspended them (at additional cost) precisely so they can go back to them.

Yes, and the share price seems to be in a perfectly reasonable place to weigh those options pending further information, up 1000% from not having any discovery results, and up a third or so from the last discounted raise on that positive news. All seems good to me.

And right on cue the board wreckers arrive, after you sir…

Lovely sentiment, and not too many traffic jams in sunny Jersey hopefully 😉

It's just idle speculation, make of it what you will. The voting/chair majority of the board came from Orca (not Orcadian). Orca develop and operate the Tanzanian gas fields. Orca is essentially wholly owned (99%) by an offshore trust (Shaymar) representing an oil and gas dynasty, with family links to Orca among other things. Among the remaining directors are LB (with links to Tullow), and Sarah Cope, who set up the O&G investment bank arm of Cantor Fitzgerald (who also have long term finance interests in HE1). Make of it what you will.

Really not very likely. It's not a good fit for them and they don't really have the infrastructure in Tanzania, or that kind of cash for a sideline business. I'd look to the connections of the other board members perhaps.

Interesting idea

So maybe the complexity in the existing well is that they have a mixed model to work on in one hole, with some trapped gas reservoirs at shallower levels, which they might test flow by perforating, and then the underlying hydrothermal system working at deeper levels. As yet we don't know what level is fluids or gases.

I noticed today's flow test appraisal data from HEVI/NAH in Canada emphasises that they have zero to negligible amounts of water in the mix

Interesting. They haven't said it but steaming water may add a helium processing challenge as well as a thermal energy bonus, in addition to the complexity/cost/reward of processing the bonus green hydrogen. However, they knew what they were doing in targeting the hydrothermal carrier system so it won't be a surprise, and no hydrocarbon contamination which is the massive thing. Will be interesting to see what engineering proposals they come up with.

Came across this 2012 paper by accident, fascinating. No idea if it ever developed any commercial scale application.

https://www.science.org/doi/10.1126/science.1211694